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Pittsburgh Penguins Extend Tristan Jarry

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A busy morning for goalie deals continues. The Pittsburgh Penguins have announced a new three-year, $10.5MM contract with young keeper Tristan Jarry. The extension, which buys out one UFA year, keeps the 25-year-old restricted free agent under contract through the 2022-23 season at an AAV of $3.5MM.  CapFriendly reports that the deal breaks down as follows:

2020-21: $2.5MM
2021-22: $3.5MM
2022-23: $4.5MM

If these numbers seem slightly familiar, they should. Matt Murray, the Penguins’ “goalie of the future” just three short years ago, signed a three-year, $3.75MM AAV contract when his entry-level deal expired. He earned the slight edge over Jarry given that he had more experience at the time and had helped the Penguins to two Stanley Cup titles, but the deal did not buy out any UFA years. Murray is now a restricted free agent as well, but the Penguins made it clear early on this off-season that they would move forward with Jarry and that Murray is on the trade block. The cap-strapped club would love to keep both young goalies, but that does not appear to be in the cards, especially with the salary that Murray expects to command.

Of course, the decision was not just about money. Jarry was clearly the superior option this season, despite it being just his second season of regular NHL action. In a career-high 33 appearances, he set new personal bests with 20 wins, a 2.43 goals against average, and a .921 save percentage. His GAA and SV% ranked among the top ten goalies in the NHL and after a few roster changes the rookie even earned an All-Star nod. He was also stellar in his one playoff appearance this year, leaving many Pittsburgh fans to wonder why Murray got the majority of starts in the team’s qualifying round upset.

Jarry appears to be the real deal, but the Penguins are not done tweaking their situation in net. First, the team will need to find a taker for Murray, who the team will likely be forced to make a qualifying offer to by Wednesday’s deadline. Next, they will likely need to evaluate the veteran backup options on the free agent and trade markets. Jarry has still never even played half of an NHL season (41 games) in a year, never mind a starter’s load. AHLer Casey DeSmith has some experience at the top level, but might not be the best backup option next season given his lack of NHL starts as well. Look for the Penguins to stay involved in the goalie market as both buyers and sellers.

Philadelphia Flyers Re-Sign Brian Elliott

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Veteran goaltender Brian Elliott will be back in the Philadelphia net for a fourth season in 2020-21. The Flyers have announced a new one-year contract for Elliott, who was set to reach free agency on Friday. Elliott will play for an AAV of $1.5MM this coming season, a savings of $500K for Philly from the one-year extension he signed last off-season.

Elliott, 35, hasn’t exactly been sharp over his time with the Flyers, but he has been a great mentor to young Carter Hart, who has supplanted him as starter and should see his workload increase even more this year. Elliott avoided injury this season after missing 41 games in 2018-19 and did see a slight improvement in his goals against average. He also impressed in two postseason appearances. However, the former All-Star still recorded a lowly .899 save percentage in 31 appearances. With many options in goal on the free agent and trade markets to upgrade the backup position, admittedly at a high price with many needy teams, Philadelphia’s decision means they clearly feel comfortable with their current tandem and Hart’s ability to take on a greater role so as to limit the pressure on the aging Elliott.

Speaking to the intangibles of the veteran netminder, GM Chuck Fletcher stated the following in the team’s release: “Brian is a quality, veteran goaltender who is also an important part of our leadership group. His preparation and work ethic are exemplary. With Brian and Carter, we believe we have a strong goaltending duo who have each had success and work very well with each other.”

Free Agent Focus: Dallas Stars

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With free agency now just a couple weeks away,  teams are looking ahead to when it opens up.  There will be several prominent players set to hit the open market while many teams have key restricted free agents to re-sign.  Fresh off of a heart-breaking loss in the Stanley Cup Final, the Dallas Stars will have to evaluate the cost of bringing back the veteran UFA’s that contributed to their playoff run while also maintaining enough space to extend several core RFA forwards.

Key Restricted Free Agents

F Roope Hintz – Hintz came out strong as a rookie in 2018-19 with 22 points in 58 games only to top that this year with 19 goals and 33 points in 60 games. The 23-year-old is still trending upward and projects to be a core piece for a long time for the Stars. Coming off of his entry-level contract, Hintz is in for a major raise, especially on a long-term deal. And with so many of their top forwards on the wrong side of 30, Dallas will likely aim for a lengthy deal to make sure Hintz is around to help take over.

F Denis Gurianov – Gurianov is part of that next wave of core forwards in Dallas as well. The 2015 first-round pick took some time to arrive on the NHL stage, but in his first full season with the Stars this season shook off any doubts about his potential. With a team-leading 20 goals and 29 points in 64 games, backed up by 17 points in 27 playoff games, Gurianov proved himself to be a dangerous scoring threat. With his entry-level contract expiring, Gurianov is in for a payday, perhaps even more so than Hintz, due to the possibility that he could be Dallas’ top goal-scorer for years to come.

F Radek Faksa – Faksa’s future with the Stars may be a bit more uncertain than his fellow RFA forwards. The 26-year-old center, who is owed at least a $2.2MM qualifying offer, declined this season and his role moving forward in Dallas is unclear. Faksa snapped a three-year streak of 30+ points with just 20 on the year, his lowest per-game rate since his rookie season. He also finished outside the top nine scoring forwards for the Stars and saw his ice time slashed as a result. A good two-way player, Faksa is best suited for a bottom-six role but Dallas may question how much that role is worth to them. Faksa could sign a short-term deal, especially given the current flat cap conundrum, with the chance to prove himself worthy of an extension before he reaches unrestricted free agency.

Other RFAs: F Tony Calderone, F Joel L’Esperance, F Josh Melnick, G Landon Bow

Key Unrestricted Free Agents

G Anton Khudobin – Has Khudobin priced himself out of Dallas? After outplaying Ben Bishop this season and then taking over for the injured starter in the playoffs and marching the team to the Stanley Cup Final, Khudobin’s stock has never been higher. Which is saying a lot about a player who has been considered one of the top backups in the league for many years. With so many teams looking for a shake-up in net this off-season, including several teams with young netminders who would love a reliable veteran to share starts, Khudobin should draw a ton of interest on the open market. With a solid starter in Bishop and a promising young option in Jake Oettinger pushing for opportunities, will the Stars keep up with the top bidders to retain Khudobin? It seems unlikely.

F Corey Perry – Perry is another player whose stock soared this postseason. A former superstar now past his prime, Perry was still clutch in the playoffs and showed over the course of the whole year that he can still be an effective player. An intense physical presence and a smart offensive mind, Perry can still make a difference even if his 21 points this season is more reflective of his new ceiling. In fact, while Perry may be limited to another one-year deal this off-season, he might be able to command more than his $1.5MM “show me” salary from this season. As the price goes up on the open market, it becomes less likely that Perry returns to Dallas. However, if he’s seeking consistency in his older age, Dallas was a good fit and a return makes sense.

D Andrej Sekera – Dallas has everything you could want in a defense corps: high-end talent, depth, size, experience in the minors, and budding young prospects. However, sometimes a respected veteran and leader is the finishing touch that a contender needs. Sekera is not the player he once was -not really even close – but was a great fit on the bottom pair in Dallas. Sekera can still play meaningful minutes, provides solid defense, blocks shots, and can contribute on offense from time to time. An experienced asset who can help bring along the Stars’ young defenders while playing a reliable role, Sekera fits well in Dallas and should return on another minimal deal as long as he wants to keep playing.

Other UFAs: F Mattias Janmark, F Michael Mersch, F Oula Palve, D Gavin Bayreuther, D Dillon Heatherington

Projected Cap Space

CapFriendly projects the Stars to have about $15.5MM in current cap space. However, that projection includes two-way players whose roster spots are not necessarily secure, such as forward Justin Dowling and defensemen Taylor Fedun and Ryan Shea. It also seems likely that forward Joel Kiviranta and defenseman Joel Hanley have earned roster spots next season with strong playoff performances, but are not included in the current projection. All things considered, the Stars should have at least $16.2MM in flexible cap space heading into the off-season. This will be plenty to extend Faksa, Hintz, and Gurianov while leaving room to explore the free agent market.

Edmonton Oilers, Jesse Puljujarvi Nearing New Contract

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The Edmonton Oilers are looking for some affordable forward help this off-season and they may just get some assistance in that area from one of their own. The Jesse Puljujarvi saga could be coming to an end soon, as TSN’s Frank Seravalli reports that the team and player are making progress on a new deal. Should they reach an agreement, Puljujarvi is expected to sign a one-year deal worth $1.2-1.5MM.

Puljujarvi initially left the Oilers back in August 2019 when the restricted free agent could not come to terms on a contract extension with Edmonton. The disgruntled young forward was unhappy with his role on the team, while the Oilers were not content with the production from the 2016 No. 3 overall pick. It seems the two sides are still working out what exactly that “fit” will be for Puljujarvi, but both sides are ready for a second chance.

If anything, Puljujarvi may have helped himself in the eyes of the Oilers this season. Playing for Karpat in the Finnish Liga, the big winger was one of the league’s very best. He recorded 24 goals and 53 points in 56 games and looked like a player ready to make an impact in the NHL. Edmonton hopes that is true, as the cap-strapped club would love to see Puljujarvi put up big points on a minimal contract, especially if he finds chemistry with stars Connor McDavid and Leon Draisaitl.

Nashville Predators Will Not Re-Sign Mikael Granlund, Craig Smith

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The forward corps of the Nashville Predators will look a bit different next season. Not only is Nashville believed to be in the market for a top-six addition, but they also won’t be bringing back two of their top-nine forwards from this past season. Craig Smith, a career Predator, and Mikael Granlund, a big 2019 trade addition, will test the free agent market. GM David Poile tells Paul Skrbina of the Nashville Tennesean that the team will not re-sign either veteran forward.

In a relatively thin free agent market, Granlund and Smith will be two of the more sought-after names among available forwards. Granlund’s time in Nashville, spent recording just 35 points in 79 total games, did not go as expected for either side. However, Granlund was a premiere forward during his days with the Minnesota Wild, possessing 70-point upside and the versatility to play any position up front. At just 27 years old, a team looking to land a true top-six forward will likely be happy to take a shot on Granlund and hope the fit is better than it was in Nashville. In Smith, interested teams could land an aggressive, goal-scoring right wing. While Smith has shown 50+ point ability in the past, he is probably more of a 30-point player as he heads into his thirties. A strong possession player with great work ethic, Smith will be an excellent third-line option for a contender barring a negative effect of leaving the Predators system.

With the cap space saved by not extending Smith or Granlund, the Predators will have some flexibility to add another piece. However, Poile also stated that he is looking for some promotion from within. One option is another impending free agent, Colin Blackwell, who scored at an impressive clip in limited showings in the NHL and AHL this season. Poile confirmed to Skrbina that the team is currently negotiating with Blackwell and could reach a new deal. Frederick Gaudreau is another UFA-to-be who has solid AHL production and NHL experience. However, Blackwell and Gaudreau are both 27 and the team could look to go younger with their open roster spots. Poile mentions 23-year-old Rem Pitlick and 21-year-old Eeli Tolvanen as names likely to be given a long look at a regular role next season.

 

New York Rangers Buy Out Henrik Lundqvist

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Sep 30: The Rangers have officially announced the buyout. Because of his no-movement clause, there was no need for unconditional waivers. In the press release, Rangers president John Davidson outlined some of the reasons Lundqvist meant so much to the city of New York:

We would like to thank Henrik for his immeasurable contributions to the New York Rangers. From the time I met Henrik when he first came to New York in 2005, he has been the consummate professional. His tireless work ethic, passion for the game, and love of the Rangers and New York City enabled him to become one of the greatest goaltenders in hockey and one of the best players in the history of our franchise. We all wish Henrik and his family the best going forward.

Sep 29: The end of an era is upon us. After 15 years of brilliant play in the New York net, the Rangers and decorated goaltender Henrik Lundqvist are set to part ways. TSN’s Darren Dreger reports that the Rangers will buy out the final year of Lundqvist’s contract, with an announcement expected on Wednesday. At 38, Lundqvist will be an unrestricted free agent for the very first time.

As Dreger explains, this was not an easy decision for New York. Few players have meant as much to a team in NHL history as Lundqvist has to the Rangers since 2005. The potential future Hall of Famer was a Vezina Trophy winner, a First-Team All-Star, and a wins leader, among many other honors in his long career. Lundqvist leads all active goaltenders in career games played, saves, shutouts, and goals saved above average, acting as a workhorse starter for the Blueshirts for much of his career. While he still has a chance to build on this reputation, it won’t be in New York. The team explored all options, but must move forward with young upstart keepers Igor Shesterkin and Alexandar Georgiev, leaving no room on the roster for Lundqvist, especially at his high cap hit.

With just one year remaining on the seven-year, $59.5MM contract that Lundqvist signed back in 2013, the buyout will only impose penalties against the salary cap for two seasons. CapFriendly projects that Lundqvist’s $4.5MM base salary and $1MM signing bonus in this final year will count toward the salary cap in full for a total hit of $5.5MM in 2020-21. In 2021-22, the penalty will be just $1.5MM. The $3MMM in savings this season for the Rangers will give the team even more flexibility to re-sign their pending restricted free agents while also exploring the free agent market for additional help.

Lundqvist meanwhile will hit a free agent market that is already chock full of goalies, most of whom are not coming off the worst season of their careers. Quickly approaching 40 and in steep decline over the past four or five years, it is hard to imagine Lundqvist getting any more than a small, one-year contract to serve as a backup. However, the decorated netminder already has plenty of money and accolades. All he wants at this point in his career is to sign with a team that give him the one thing he doesn’t have: a Stanley Cup.

Chicago Blackhawks Loan Brandon Hagel To Switzerland

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Chicago Blackhawks forward Brandon Hagel is headed to Switzerland to get his season started. The team announced that they have loaned the young winger to HC Thurgau of the Swiss NLB, the country’s second-tier league. Hagel will be recalled for NHL training camp, where he will look to earn a spot with Chicago.

Hagel, 22, made his Blackhawks debut this season as a first-year pro. However, he appeared in just the one game versus 59 games with the AHL’s Rockford Ice Hogs. Yet, Hagel’s decent production in the minors last year combined with his 100+ point season in the WHL the year before makes him an exciting possibility to crack the NHL roster. Getting a head start in Switzerland will only help his odds of making the opening night roster.

In Thurgau, Hagel will be one of just six players without Swiss citizenship and the only one with NHL experience. He should play a major role for the team and against NLB competition he could produce at a high rate. Regardless of the quality of play, Hagel will simply benefit from playing big minutes in a key offensive role.

Trade Rumors: Ekman-Larsson, Mrazek, Virtanen, Tampa Bay

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Name a top trade target or impending free agent and they seem to be linked to the Edmonton Oilers. While the team clearly needs to help superstars Connor McDavid and Leon Draisaitl, they have cap constraints because of those players as well and holes to fill all over the roster. The team must be confident that they can perform some cap magic, as they have their sights set on making a big splash this off-season. TSN’s Darren Dreger backed up previous rumors today that the Oilers have been talking to the Arizona Coyotes about elite defenseman Oliver Ekman-Larsson. In fact, Dreger notes that discussions have been preliminary, but the interest is serious. It’s a complex situation given the cap situations in both Edmonton and Arizona, but the teams appear to be working through their options when it comes to moving Ekman-Larsson, a proven top-pair commodity. Of course, it’s worth noting that Ekman-Larsson has a full No-Movement Clause and could nix a deal to Edmonton if he chooses. Dreger adds that the Boston Bruins also remain interested; Ekman-Larsson may very well prefer landing alongside Charlie McAvoy on the top pair of a perennial contender.

  • The Oilers are also known to be eyeing an addition in goal and have kicked the tires on a number of netminders on the trade block. TSN’s Pierre LeBrun reports that the latest name on that list is the Carolina Hurricanes’ Petr Mrazek. LeBrun believes that Mrazek could be more of a fallback option if Edmonton cannot add Pittsburgh’s Matt Murray or Arizona’s Darcy Kuemper or can’t woo Jacob Markstrom in free agency. Of course, if Mrazek is even available for trade, it may mean that Carolina has already landed one of those three Oilers targets for themselves. Mrazek had a fine season for the ’Canes, but the team is looking to upgrade at starter. Unfortunately for Edmonton, Carolina’s castoff would still be an upgrade for them.
  • From GM Jim Benning’s comments since his Vancouver Canucks were eliminated from the postseason, it should come as no surprise that he is listening to offers for restricted free agent forward Jake Virtanen, according to Dreger. Virtanen has failed to live up to the expectations of being the 2014 sixth overall pick, but is still due a significant upgrade over his expiring $1.25MM AAV. The cap-strapped Canucks have greater needs than Virtanen’s third-line scoring totals and may be able to put his cap space to greater use via trade. Dreger reports that there is plenty of interest in the 24-year-old power forward, who could still grow into the dangerous scorer that he was in junior.
  • The Tampa Bay Lightning are less than a day removed from taking home the 2020 Stanley Cup title, but GM Julien BriseBois is already back at work. LeBrun speculates that Tampa must clear at least $10MM in cap space in order to re-sign RFA’s Anthony Cirelli, Mikhail Sergachev, and Erik Cernak and to rebuild a defense with numerous pending UFA’s. As such,  BriseBois can’t afford to waste any time with free agency approaching. LeBrun notes that the two most talked-about names on the Lightning roster right now are forwards Tyler Johnson and Yanni Gourde. However, he notes that both players have full No-Trade Clauses and would have to accept any trade. As a result, LeBrun believes there is a growing suspicion that the Bolts may trade a player or two that no one is suspecting in order to clear cap space. That could mean one of the RFA’s themselves is dealt, or perhaps it could be a player lacking trade protection, such as Brayden Point or Andrei Vasilevskiy. One way or another, the Cup-winning roster will look very different next season.

Calgary Flames Loan Juuso Valimaki To Ilves

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While many players and prospects have been loaned overseas ahead of the unknown start date of the 2020-21 NHL season, few need the the head start as much as the Calgary Flames’ Juuso Valimaki. The promising young defenseman missed the entire 2019-20 season and postseason after suffering a torn ACL last fall. Yet, with five veteran defensemen about to hit the free agent market, the Flames are trusting that Valimaki can return to form and take on a top role on the blue line right away next season. After so much time away from the game, it will take more than just training camp to get Valimaki up to speed ahead of the new year.

Cue Tampereen Ilves of the Finnish Liiga. Calgary announced that they have loaned Valimaki to Ilves to get him game action before he returns to North America. Valimaki is familiar with the club, having played in their youth system, including a year with the U20 team in the top Finnish junior league, before making the jump to the WHL and eventually the NHL.

With Ilves, Valimaki will be able to get used to playing the major minutes that the Flames may expect of him this coming season. A relatively young team, Ilves has just a handful of players that are considerably older than 21-year-old Valimaki. They have also not received anyone on loan from the NHL prior to Valimaki outside of a trio of prospects – Lassi Thomson, Arrtu Ruotsalainen, and Lukas Dostal – who were on loan all of last season as well. Valimaki will have a chance to take on a key role for the team and should be ready to go once he is recalled by Calgary.

 

Tampa Bay Lightning Win 2020 Stanley Cup Championship

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The Tampa Bay Lightning were crowned NHL champions and hoisted the Stanley Cup on Monday night with a 2-0 shutout win over the Dallas Stars in Game Six. This title feels as if it has been a long time coming for the Lightning, whose young core fell to the Chicago Blackhawks in the 2015 Cup Final and a few years later survived a heart-breaking first-round upset sweep at the hands of the Columbus Blue Jackets last season. With a flat salary cap set to blow up the roster this off-season, it almost seemed inevitable that this Lightning team would emerge victorious with the franchise’s second championship before the impressive group was torn apart. It also seems fitting that such a truly talented and title-worthy team will go down in history for winning the “bubble Cup”.

Tampa Bay won the Cup in style this postseason, too. The Bolts were one of just two teams to actually earn their regular season seeding in the round robin, entering the Eastern Conference playoffs as the No. 2 seed. Their path to victory first included vengeance against the Blue Jackets in a five-game series that included a historic five-overtime win in Game One and another overtime win to seal the series. Tampa then took on their greatest rival, the President’s Trophy-winning Boston Bruins, and made quick work of the talented team in five games, again clinching the series in extra time with a double-overtime victory. Next up were the New York Islanders, who had upset higher seeds in each of their first two series and had smother opposing defenses. The Isles couldn’t keep it going against the Lightning though, falling in six games with Tampa again winning the final game in overtime. Finally, the Stanley Cup Final arrived with a match-up against the Dallas Stars, who had defeated championship favorites Colorado and Vegas en route to the title bout. However, Dallas could not keep the upset streak going, with Tampa Bay taking the series in six games with a decisive shutout victory.

The Conn Smythe Trophy was a three-horse race on the Lightning side, with forwards Brayden Point and Nikita Kucherov and defenseman Victor Hedman all playing at a historic level. It was the Hedman though who received the award for postseason MVP, due in no small part to his ten goals, third-most for a defenseman in postseason history. Hedman totaled 21 points while averaging more than 26 minutes per night of solid defense in an outstanding all-around effort. Kucherov logged more assists than anyone not named Wayne Gretzky or Mario Lemieux in league history and led all postseason participants with 33 points, which would have been enough to take the Conn Smythe almost any other year. With 32 points, including a league-leading 13 goals, Point was also invaluable to the team’s success. Finally, no team can win the Cup without a stellar performance in goal, and Andrei Vasilevskiy played every minute for Tampa and led the playoffs in save percentage

Also deserving plenty of praise and recognition for this Stanley Cup victory are the NHL and NHLPA, who made the postseason possible in light of difficult circumstances. The Coronavirus pandemic shut down the league back in March and nearly five months later the league and players’ association were able to work together to put together an expanded playoff format that produced months of exciting playoff hockey. After 64 days in the bubble, across two cities, there were zero positive COVID tests, allowing for the postseason to proceed without a hitch. Without this expert oversight, there easily could have been no Stanley Cup champion this season. Hockey fans will never forget what the league and its players, especially those on the Tampa Bay Lightning, were able to accomplish in this incredible summer postseason.

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